Hi everyone. My wife and I are expecting our second child in 4 months. Currently have a 4 year old. We're already strapped on funds, really strapped. We're trying to figure out what our best choices are right now for us. We have no saved income. My wife and I each make around $1400. take home. Our rent is $880. per month and our 4 year old's daycare is $174 per week. Phone bill $100. per month. Electricity $100. per month. Water and Trash disposal currently included in rent. My wife has really good Blue Cross Blue Shield insurance through her City government job (taken from every check). Car Insurance is $200 every month on our small Honda. Gasoline for the month around $180. (About 6 tanks)
The situation: My wife and I can't afford to put our newborn in daycare, nor want to. I would in a heartbeat leave my job to stay home once the child is born, but if I do so right now, we won't be able to make our bills. I am a graphic designer and currently employed through a local business and would love to start my own business, but don't have anything. I don't have the computer, the clients or startup funds. Nothing.
What are your thoughts on what we should do?
Our thought was to have me get rid of my day job, figure out a way to move into low income housing and work from home in the daytime and get an evening job that takes place after my wife gets home. There in lies many challenges though, income for first, last and security in the low income areas and the money for paying bills that we don't have if I quit my day job.
With all sincerity, I thank you all for your responses in advance.
Submitted February 04, 2018 at 10:40AM by CallMe_Josh http://ift.tt/2E0CI63
